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Income Tax

Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players

Taxes March 13, 2026 

Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players

The tax could come into play on any free agent contract the Seahawks sign since the NFL minimum salary in 2026 for any player who has played one season is set at $1.005 million.

Featured Articles

March 13, 2026  

Opinion: Tax Breaks for Football Players? That’s Just the Beginning in the SEC

March 13, 2026  

Wyden Questions Changes to Postmark Rule as Tax, Election Deadlines Loom

March 13, 2026  

Washington Business Groups Worry About How ‘Millionaires Tax’ Could Affect Competitiveness

March 12, 2026  

Democrats Float Tax Relief Plans to Home in on Affordability

March 12, 2026  

IRS Updates Withholding Estimator to Include OBBBA Tax Changes
research-5515840_10824821

Special Section: Guide to 2025 Tax Changes October 22, 2025 

New Tax Law Revives Favorable R&E Deductions – OBBBA Tax Law Changes

The OBBBA restores this tax break for businesses, retroactive to the beginning of 2025. It also adds certain enhancements and transitional rules that may benefit clients.

JD, Ken Berry, JD

AICPA Seeks Safe Harbor for Reporting Tips and Overtime

Taxes October 21, 2025 

AICPA Seeks Safe Harbor for Reporting Tips and Overtime

The One Big Beautiful Bill Act created Internal Revenue Code sections 224 and 225, which temporarily allow a deduction for taxpayers for qualified tips and qualified overtime compensation.

Isaac M. O'Bannon

JB Pritzker and His Wife Report $10.3 Million in Taxable Income, $1.4 Million in Gambling Winnings

Taxes October 17, 2025 

JB Pritzker and His Wife Report $10.3 Million in Taxable Income, $1.4 Million in Gambling Winnings

The Democratic Illinois governor offered a simple explanation on Oct. 16 for how he took home more than $1.4 million in gambling winnings last year: "I like to play cards."

Income Taxes and Puerto Rico – Feds Increase Scrutiny of Residency: 2025 Update

Income Tax October 16, 2025 

Income Taxes and Puerto Rico – Feds Increase Scrutiny of Residency: 2025 Update

Recent cases show that federal prosecutors have subpoenaed client files from a major law firm, signaling that investigators are reviewing taxpayers’ actions and also the advice and documentation prepared by advisers.

‘Bitcoin Jesus’ to Pay Nearly $50M to Settle Tax Evasion Case, Feds Say

Taxes October 15, 2025 

‘Bitcoin Jesus’ to Pay Nearly $50M to Settle Tax Evasion Case, Feds Say

Roger Ver, an early bitcoin investor, will pay nearly $50 million in back taxes, penalties, and interest stemming from his willful failure to properly report his bitcoin holdings on tax returns, the Department of Justice said Oct. 14.

IRS: Extended Federal Tax Filing Deadline Still Oct. 15 Despite Government Shutdown

Taxes October 15, 2025 

IRS: Extended Federal Tax Filing Deadline Still Oct. 15 Despite Government Shutdown

Taxpayers who requested an automatic six-month extension to file their 2024 federal income tax returns earlier this year still have to get their paperwork in by Wednesday.

IRS Adjusts Tax Brackets, Standard Deduction for 2026

Taxes October 9, 2025 

IRS Adjusts Tax Brackets, Standard Deduction for 2026

The IRS on Oct. 9 published the tax year 2026 inflation adjustments for more than 60 tax provisions, including updated tax brackets and standard deduction.

Jason Bramwell

Jarod Koopman Named IRS Acting Chief Tax Compliance Officer

IRS October 6, 2025 

Jarod Koopman Named IRS Acting Chief Tax Compliance Officer

In this acting role, Koopman will oversee IRS compliance operations, including the LB&I division, SB/SE division, TE/GE division, IRS-CI unit, Office of Professional Responsibility, Return Preparer Office, and the Whistleblower Office.

Jason Bramwell

TIGTA Launches Interim Website During Government Shutdown

Taxes October 6, 2025 

TIGTA Launches Interim Website During Government Shutdown

The interim website gives taxpayers access during the government shutdown to the watchdog's latest reports and keeps open ways for people to report fraud, waste, and abuse within IRS programs or by IRS employees.

Jason Bramwell

IRS Posts Guidance on Opportunity Zone Tax Incentives for Rural Areas

Taxes October 3, 2025 

IRS Posts Guidance on Opportunity Zone Tax Incentives for Rural Areas

The Treasury Department and the IRS issued new guidance Sept. 30 on qualified opportunity zone investments in rural areas under the One Big Beautiful Bill Act, the tax-and-spending bill signed into law in July.

Jason Bramwell

IRS: Volunteers Needed to Provide No-Cost Tax Services

Taxes October 2, 2025 

IRS: Volunteers Needed to Provide No-Cost Tax Services

The IRS is seeking volunteers to support the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, which offer free basic tax return preparation to qualified individuals.

Jason Bramwell

Websites for TIGTA, Other Government Watchdogs Disappear as Government Shuts Down

Taxes October 1, 2025 

Websites for TIGTA, Other Government Watchdogs Disappear as Government Shuts Down

For at least a half dozen government watchdog offices, their sites appeared blank on Oct. 1 except for a terse message: “Due to a lack of apportionment of funds, this website is currently unavailable.”

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